Malaysia Portfolio Investment Calls and Stock Market Update (8 May 2020)
Disclaimer: This research should be used purely for informational purposes and is my own personal opinion. I bear no responsibility to whatever investment decisions taken by anyone with regards to this research.
The Kuala Lumpur Composite Index (KLCI) today improved by 0.4% to finish at 1,382 points. Most markets were up with the exception of Jakarta Stock Exchange (-0.3%), as oil prices recover this week and no notable negative news on United States and China.
I added DKSH Holdings Bhd yesterday as they are currently undervalued due to Covid-19 pandemic. Revenue has grown impressively in the last 3 years at an average of 7.0%. My conservative valuation yields about RM2.68, with revenue declining by 15% in 2020, and growing by 3.7% in the subsequent years. It is worth noting that DKSH rallied by 5.0% today to RM2.52 (6 May 2020: RM2.40).
For the Malaysian companies I am keeping track, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (53.4%), Padini (31.5%) and Bermaz Auto (14.7%). To date, the portfolio of companies I am keeping track on have improved to 8.7% return (6 May 2019: 7.6%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.